As part of the joint venture, Bandanna is to build a 14 million tonne per annum train loading facility (inclusive of rail loop and associated infrastructure). In return, Acacia will consent to mining licence application.

Bandanna will provide Acacia with access to 1 million tonnes a year of capacity on the train loading facility and up to 2 million tonnes a year subject to spare capacity, Bandanna will also provide Acacia with 20 million options in Bandanna.

Bandanna Energy formally terminated its strategic review process in early January but said it would continue to talk with potential joint venture partners interested in teaming up to develop its Bowen Basin coal projects.